😤 Why Gas Prices Could Continue to Climb Even if Oil Prices Don’t

Good morning. Energy prices are one of the biggest drivers of inflation. Russia’s ongoing war... It’s the monthly jobs numbers today and they’re not going to be pretty and will be possibly the tip of the iceberg as we head into May. [Trading Tips] Good morning. Energy prices are one of the biggest drivers of inflation. Russia’s ongoing war in Ukraine has kept oil prices near seven-year highs. The good news? they’re still a bit off highs in the $140 range, such as those set in 2008. But gasoline prices continue to hit record highs. And that trend may continue. Two key reasons explain why. First, refining capacity is too low to meet current demand. Second, refiners have to trade off turning oil into gasoline or into diesel fuel. As diesel prices trend higher, so does the cost of shipping, which can impact prices for any physical good. That’s why traders should look to scale out of some of their energy trades, and focus on companies like refiners that can perform well in today’s shifting energy markets. Now here's the rest of the news: Sponsored Content [Invest In This Biotech Company Solving A $240B Problem]( Every year, over 600M patients suffering from osteoarthritis spend $240 billion on painkillers and other palliative solutions to the cartilage damage caused by this debilitating disease. These “band-aid” therapies are temporary and do not treat the root cause of osteoarthritis. [Enter Cytonics.]( This private biotech startup has harnessed the therapeutic potential of a naturally occurring blood protein, called “A2M,” to reverse cartilage deterioration in arthritic joints. Their first FDA approved A2M-based therapy has successfully treated over 8,000 patients, proving the therapeutic efficacy of A2M, and restoring patients’ quality of life. Backed by Johnson & Johnson and the NIH, [Cytonics]( is developing a genetically engineered A2M variant that is more potent than the natural form. This lead drug candidate, “CYT-108,” has been proven to restore up to 80% of cartilage damage caused by osteoarthritis in preclinical studies. Cytonics’ first-in-in-class CYT-108 will enter Phase 1 clinical trials later this year. [Invest in Cytonics as they blaze toward their second FDA drug approval, and before this private biotech goes public.]( MARKETS DOW 30,530.25 +2.15% S&P 3,764.79 +2.45% NASDAQ 11,069.30 +2.51% *As of market close • Stocks rallied higher on Tuesday, after the market’s worst week since March 2020. • Oil rose 1.0 percent, closing at $110.58 per barrel. • Gold sank 0.5 percent, going for $1,832 per ounce. • Cryptocurrencies rebounded after the weekend, with Bitcoin at $20,952 at the market close Today’s TOP TIPS [This Sector Gets Hit Hard in a Bear Market – and Tends to Lead in a Bull Market]( Some sectors of the stock market perform differently at different times. Commodity producers and utilities have held up somewhat well in the current bear market, even as tech stocks have been hit hard. Another area hit hard has been financial stocks, particularly banks. These companies have had to contend with rising interest rates. Demand for mortgages has stalled, which tends to be a big source of business, as well as mergers and acquisitions for big banks. » [FULL STORY]( [Insider Trading Report: Vistra Corp (VST)]( Brian Ferraioli, a director at Vistra Corp (VST), recently picked up 8,050 shares. The buy increased his holdings by nearly 12 percent, and came to a total purchase price of just over $181,000. The buy came three days after the company president and CEO picked up 32,000 shares for just over $547,000. Over the past three years, company insiders have been active as both buyers and sellers, with buyers having a slight edge over that time period. » [FULL STORY]( [Unusual Options Activity: Magnite (MGNI)]( Shares of advertising agency Magnite (MGNI) have shed two-thirds of their value in the past year. One trader sees further downside going into the latter half of the year. That’s based on the January 2023 $12.50 puts. With 212 days until expiration, 3,950 contracts traded compared to a prior open interest of 131, for a 30-fold rise in volume on the trade. The buyer of the puts paid $4.30 to get in. » [FULL STORY]( IN OTHER NEWS • [Existing Home Sales Drop in May]( Sales of existing homes dropped 3.4 percent in May, to 5.41 million units. The drop was further than expected, and the weakest reading since June 2020 in the early days of the pandemic. April’s sales were also revised lower. While sales have dropped, homes have stayed on the market for just 16 days on average, near the lowest on record. • [Companies Face Challenges Leaving Russia]( While a number of companies have already announced plans to leave Russia, a few firms are having trouble leaving the market. Philip Morris (PM) is reporting that their attempt to leave the country, which started in March, is being hit with regulatory challenges. The company is trying to avoid letting the government seize the business entirely. • [Kellogg Plans to Split into Three Firms]( Kellogg (K) has announced a plan to split into three companies. The company will spin off its cereal business, its snack business, and its plant-based food operations. The names of the spin off companies will be determined later. Shares rallied on the news. • [GM Delivers 150 Electric Vans to FedEx]( General Motors (GM) has delivered 150 vans to FedEx (FDX). This marks the first major delivery since 5 vans were delivered back in December. Overall, the package delivery company is looking to buy 2,500 vans to start, with an order for another 20,000 pending. • [Twitter Asks Shareholders to Approve Musk Takeover]( The board of Twitter (TWTR) is asking that the offer to be taken over by Elon Musk be approved by shareholders. The offer is still at $44 billion, even as Musk has asked for data on how much of the platform is being operated by bots. At current prices, Twitter currently has a market cap of about $30 billion. S&P 500 MOVERS TOP TSLA 9.354% FANG 8.169% PXD 7.116% UNH 6.251% XOM 6.224% BOTTOM DVA 15.009% BBWI 9.454% META 4.086% DISH 5.272% NFLX 5.136% Quote of the Day The recent drop in equity markets and inflection in investor attitudes make a bottoming thesis more difficult to make. Investors are acting emotionally, but the fundamentals are beginning to follow the weakness in the technicals. - Mark Hackett, chief of investment research at Nationwide, on why the stock market may be under further strain in the months ahead. Sponsored Content [Invest In This Biotech Company Solving A $240B Problem]( Every year, over 600M patients suffering from osteoarthritis spend $240 billion on painkillers and other palliative solutions to the cartilage damage caused by this debilitating disease. These “band-aid” therapies are temporary and do not treat the root cause of osteoarthritis. [Enter Cytonics.]( This private biotech startup has harnessed the therapeutic potential of a naturally occurring blood protein, called “A2M,” to reverse cartilage deterioration in arthritic joints. Their first FDA approved A2M-based therapy has successfully treated over 8,000 patients, proving the therapeutic efficacy of A2M, and restoring patients’ quality of life. Backed by Johnson & Johnson and the NIH, [Cytonics]( is developing a genetically engineered A2M variant that is more potent than the natural form. This lead drug candidate, “CYT-108,” has been proven to restore up to 80% of cartilage damage caused by osteoarthritis in preclinical studies. Cytonics’ first-in-in-class CYT-108 will enter Phase 1 clinical trials later this year. [Invest in Cytonics as they blaze toward their second FDA drug approval, and before this private biotech goes public.]( Not sure the best way to get started? Follow these simple steps to hit the ground running. › Step #1 - Get These FREE Reports: [Warren Buffett's Top 5 Stocks]( | [10 Great Stocks Under $10]( | [7 High Yield Dividend Stocks]( › Step #2 - Join Our Premium Advisory: [The Next Superstock]( › Step #3 - Claim Your Free Copy Of: [Big Book Of Chart Patterns]( | [How to Trade Weekly Options For Weekly Income]( We just wanted to take a moment and say thank you so much for being part of our family! We are dedicated to teaching people how to make the world a better place so we can all thrive, together. We love sharing stories and featuring past learners who have applied our teachings and changed their situations. It’s our passion to build a strong community centered around fun and mindset! We love to discover extraordinary and useful tools and share them with the world! We create a space where people can discover how to enjoy their lives by simply choosing to learn. Every day we are building and strengthening partnerships with our customers and clients and we do so in the most ethical way possible. We particularly love working with artisans, makers, and small businesses because through their passion and their craft they help make the world a better place.. Without all of you we wouldn't be able to do what we do on a daily basis and for that we say thank you. We've been living our dream for many years now and that wouldn't be possible without every single one of you. The idea of going from a typical nine to five life to a life of freedom doesn’t seem real to most people, but we want you to know it is definitely possible. We’ve done it. You have the power to control your life, your actions, and what you choose to focus on. We’re here to help you along that journey to achieve whatever goals you set out for yourself. However, we also care about keeping you and your privacy safe. We are committed to advising you of the right to your privacy. We strive to provide a safe and secure user experience. Our Privacy Policy explains how we collect, store and use personal information, provided by you on our website. It also explains how we collect and use non-personal information. By accessing and using our website, you explicitly accept, without limitation or qualification, the collection, use and transfer of the personal information and non-personal information in the manner described in this Privacy Policy. Please read this Policy carefully, as it affects your rights and liabilities under the law. If you disagree with the way we collect and process personal and non-personal information, please do not use this website. This Policy applies to this website as well as all webpages Company hosts. It regulates the processing of information relating to you and grants both of us various rights with respect to your personal data. It also informs you of how to notify us to stop using your personal information. We are located in the United States of America. You may be located in a country that has laws which are more restrictive about the collection and use of your personal information. However, by using our website, you agree to waive the more restrictive laws and agree to be governed by the laws of the United States of America. If you wish to view our privacy policy, you can find it below. Nothing in this email should be considered personalized financial advice. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment. By reading this communication, you agree to the terms of this disclaimer, including, but not limited to: releasing The Company, its affiliates, assigns and successors from any and all liability, damages, and injury from the information contained in this communication. You further warrant that you are solely responsible for any financial outcome that may come from your investment decisions. As defined in the United States Securities Act of 1933 Section 27(a), as amended in the Securities Exchange Act of 1934 Section 21(e), statements in this communication which are not purely historical are forward-looking statements and include statements regarding beliefs, plans, intent, predictions or other statements of future tense. Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.  This email was sent to {EMAIL} by editor@tradingtips.com TradingTips.com | 3435 Ocean Park Blvd. Suite 107-334 Santa Monica, CA 90405 [Manage Subscriptions]( | [report SPAM]( Â